If you have a Visa debit card and you want to know how to get cash from prepaid Visa debit card, you arrived at the right place. Here you will find information about withdrawing money from a Visa prepaid debit card.
It turns out that there are several options for actually getting money from your prepaid debit card. If you’re fine with just having money deposited into your bank account, you’ll have even more choices.
We believe that there should be no charge associated with withdrawing funds from a reloadable card. After all, many prepaid debit cards also charge you a fee whenever you add funds, in addition to the monthly or per-transaction fees you already pay.
Unfortunately, it is common practice in the prepaid card industry to charge customers fees when they load and withdraw funds from their cards.
With a prepaid debit card, at least you won’t have to worry about overdraft charges. Some cards, however, come with the option of overdraft protection, which may incur fees if the shortfall is not quickly repaid.
Get Cash From Prepaid Visa Debit Card In 4 Different Ways
If you have a Visa debit card from a company such as NetSpend or another bank and you want to know where you can withdraw cash from your Visa debit card, you can do so using four different methods, which are listed below.
1. Know The PIN To Use At ATM To Withdraw Cash
While activating your prepaid debit card, you will be prompted to create a personal identification number (PIN) of 4 digits in length.
When making a purchase at a store using a PIN pad or when withdrawing cash from an ATM, the PIN serves as an extra layer of security.
The initial purchase is typically the time when a PIN is selected for the card. Your PIN should be simple enough to remember but complex enough to avoid detection.
Avoid using obvious PINs like 1111 or 1234, which would be tried first by a card thief. To make a withdrawal, simply insert your prepaid card into an ATM that accepts it, enter your PIN, and withdraw up to the card’s available balance or the daily limit set by the card issuer or ATM owner, whichever is less.
Remember to factor in the cost of using the card when determining your withdrawal limit. You can expect to pay more when withdrawing money from an ATM that is not part of your prepaid card’s network.
If you do not use the ATM of the same bank that has issued your card then you can be charged around $3 for each transaction while withdrawing cash.
2. Withdraw Cash At The Bank Via Bank Teller
If you have a Visa prepaid card, you can get cash from any bank or ATM that also accepts Visa. When making an in-person cash withdrawal, you’ll need to present valid photo identification to the teller.
The standard fee for getting cash from a teller is between $2.50 and $9.95. Withdrawal fees can range from a flat rate to a percentage of the total amount with some cards.
3. At Select Reload Location You Can Withdraw Cash
A number of different prepaid debit cards connect users to networks of reload locations, where they are able to add cash to their accounts or withdraw it.
For instance, NetSpend Visa prepaid card can be utilized for cash withdrawals at a Netspend Reload Network location using the over-the-counter option, and the reload fee is typically no more than $4.
Due to the fact that Walmart MoneyCard® uses the Mastercard network, it is not included in this evaluation. However, it does allow you to withdraw cash at no additional cost from any Walmart location.
4. Earn Cash Back At Register While Checkout
When you make a purchase in a store using a debit card, you have the option to receive cashback as part of the transaction. This limits the amount of money you can withdraw using this particular method to a certain maximum.
The procedure is quite straightforward: You can request cashback by swiping, tapping, or inserting your prepaid debit card into the reader on the cash register.
There are some card terminals that will ask you directly, but in most cases, you will need to inform the cashier that you would like cash back.
If you are a participant in the Pay As You Go plan, you will be subject to a fee for each purchase transaction that involves getting cash back in this manner. If you are already paying for the service on a month-to-month basis, there will be no additional charges.
Can a Prepaid Card Be Used at an ATM?
ATMs accept a wide variety of prepaid cards. Fees can differ depending on the type of card used and the network of ATMs used (for example, the Citibank ATM network).
Each ATM withdrawal will cost you the standard card fee plus whatever the ATM provider decides to charge. Here, we look at the withdrawal fees associated with these cards and find that they average at $3.00.
If you use your prepaid card to make purchases, you may be able to get cash back at the register. There is no fee associated with using this method, but you will need a PIN and to select “DEBIT” at checkout.
Is There A Fee For Withdrawing Cash From A Prepaid Card?
Depending on the prepaid card issuer and withdrawal method, the associated fees can add up quickly. Withdrawal fees vary by card, usually, it is $3. Withdrawals are obtained from ATMs, Prepaid Card Reload Network locations, and financial institutions in that order of increasing withdrawal fees.
With the exception of customers who have signed up for the per-transaction fee plan, getting cash back at the register does not cost anything.
If you don’t need cash immediately, a prepaid card offers more flexibility. Some cards, for instance, make it possible to move money from your card to a checking or savings account.
How Can I Get Cash From a Prepaid Card Online?
As was previously mentioned, it is possible to move money from some prepaid cards into checking accounts. To begin, one needs to only access the prepaid card issuer’s online portal or mobile application.
Wire transfers made via the internet can take anywhere from one to three business days to complete.
Signing up for MoneyGram or Wise is a way around the limitations of cards that don’t support bank transfers.
If you don’t already have a Wise account, you can sign up for one right now by visiting their website. The Send Money button can be found in the account hub.
Just select your preferred payment method (debit/credit card), enter the desired amount, and click the appropriate button to make a deposit into your account or credit card.
Once there, enter your banking information and proceed with the on-screen instructions. For this service, there is a nominal charge. You could also try using your prepaid card with online payment systems like Venmo, Apple Pay, or PayPal.
Wrap Up For Getting Cash From Prepaid Visa Debit Card
I hope you found the answer to your question about how to get cash from a prepaid Visa debit card. There are typically four methods for withdrawing cash from your prepaid card. One is having an ATM PIN to use at an ATM, another at a bank teller, a third at prepaid card reload locations, and a fourth at cashback stations.
If you are unable to withdraw cash from your prepaid Visa card, please let me know in the comments section and I will assist you as soon as possible.